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Attachments: Price Bounce Off MA EA
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Price Bounce Off MA EA

  • #1
  • First Post: May 9, 2009 6:53am May 9, 2009 6:53am
Hi,

A quick request to see if anyone has an EA to enter a trade when price first touches a moving average and bounces off it.

Thanks.
  • #2
  • May 14, 2009 1:55pm May 14, 2009 1:55pm
Here is mine.
Attached File(s)
File Type: mq4 MA Bouncing Candle.mq4   15 KB | 2,738 downloads
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  • #3
  • May 16, 2009 4:00am May 16, 2009 4:00am
Quoting unaizams
Here is mine.

Great, unaizams thanks for that, i'll give it a try.
  • #4
  • May 16, 2009 10:06pm May 16, 2009 10:06pm
Also try the cornflower EA thread (under trading systems)
  • #5
  • Dec 31, 2009 7:17am Dec 31, 2009 7:17am
Hi,

I need a EA for the following.

Price approaches a MA and bounces after touching or almost touching it.

Price has to be clear of the MA for a certain number of bars - in this case two. Green circles show valid trades - red is not valid.

Trading is AWAY from the MA.

This system needs some session restrictions and trade man. as well - like trading hours, partial take profit and trailing stops.

Cheers

Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: ma touch trades.gif Size: 20 KB
  • #6
  • Jan 1, 2010 3:40am Jan 1, 2010 3:40am
Quoting tdeu
Hi,

I need a EA for the following.

Price approaches a MA and bounces after touching or almost touching it.

"Almost touching" by how many points?

Price has to be clear of the MA for a certain number of bars - in this case two.

How many bars?

Green circles show valid trades - red is not valid.

Picture not clear as there are several MA lines.

Trading is AWAY from the MA.

What is the exit strategy?

This system needs some session...

Please see above.
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  • #7
  • Jan 1, 2010 9:43am Jan 1, 2010 9:43am
envelope of 10 to 0 pips.

2 bars up to not sure yet (price shouldn't hug EMA before bounce)

the purple line is a 62EMA.

trade management is more like scalping - take profit with 3/4 of position at 20-25 pips/don't touch SL/ trail remainder with maybe 50-70 pips

going for a high win/loss ratio

Quoting unaizams
Please see above.
  • #8
  • Jan 3, 2010 11:41am Jan 3, 2010 11:41am
I had to guess what you want.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA.mq4   15 KB | 1,677 downloads
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  • #9
  • Jan 3, 2010 3:44pm Jan 3, 2010 3:44pm
Hi unaizams,

Thanks for the EA.

Sorry for not being more specific.

The trade is opened when price touches the MA or a specified envelope. Not at the next candle after the touch.
I used the 62EMA with a +-7 pip envelope.

Cheers

Thomas

Quoting unaizams
I had to guess what you want.
  • #10
  • Jan 3, 2010 10:46pm Jan 3, 2010 10:46pm
Quoting tdeu
Hi unaizams,


Sorry for not being more specific.

I can not procede unless you put what is in your mind inside mine.

Making an expert advisor requires that you provide detailed cenarios for each possble setup with clear pictures.

Regards.
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  • #11
  • Jan 4, 2010 3:01pm Jan 4, 2010 3:01pm
Hi,

These trades work best as a retracement trade. The 62EMA is almost always in the target zone of the 38-76 fibs.

Please see charts for more explanation.

In the second chart price is "hugging" the MA before hitting it the second time (red oval).

Two nice trades today. I took the second one (long at 1.6088) when price hit the MA.
If you're sitting in front of the screen you have a better judgement when to enter.
Slept during Asian session. But this was a nice one too.

The trade is initiated as soon as price hits the envelope.

It would be nice if the size of the envelope could be varied to do some fine tuning.

I can send a template with all valid trades since 1/10/2009 if you like.

Cheers

Thomas

Quoting unaizams
I can not procede unless you put what is in your mind inside mine.

Making an expert advisor requires that you provide detailed cenarios for each possble setup with clear pictures.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ma touch trades 1.gif Size: 27 KB
Attached Image
  • #12
  • Jan 4, 2010 11:43pm Jan 4, 2010 11:43pm
Please indicate on the charts which ones are long and which ones are short.
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  • #13
  • Jan 5, 2010 11:39am Jan 5, 2010 11:39am
Hi,

Trades are always away from the MA. Price approaches the MA and bounces of the MA.

Please see charts.

Cheers

Thomas

Quoting unaizams
Please indicate on the charts which ones are long and which ones are short.
Attached Image (click to enlarge)
Click to Enlarge Name: ma touch trades 1.gif Size: 29 KB
Attached Image
  • #14
  • Jan 6, 2010 12:15am Jan 6, 2010 12:15am
If this version is not what you have in mind, you may need to send your template with all valid trades since 1/10/2009.

Try the default settings on EURUSD, H1. You may want to optimize with SL and trailing SL.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2.mq4   15 KB | 1,375 downloads
Free Programmer for Profitable Strategies
  • #15
  • Jan 7, 2010 8:49am Jan 7, 2010 8:49am
Hi,

The EA seems to take no trades here.

I attach a template for GBPUSD 1hr, that has marked all trades as far as I can see. I didn't marked whether they are long or short. The trade is always away from the 62 EMA.

- price is approaching from below -> short
- price is approaching from above -> long

Thomas

Quoting unaizams
If this version is not what you have in mind, you may need to send your template with all valid trades since 1/10/2009.

Try the default settings on EURUSD, H1. You may want to optimize with SL and trailing SL.
Attached File(s)
File Type: tpl gbpusd_1hr_62ema.tpl   22 KB | 782 downloads
  • #16
  • Jan 9, 2010 10:24pm Jan 9, 2010 10:24pm
Try this version.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2b.mq4   15 KB | 1,182 downloads
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  • #17
  • Jan 10, 2010 4:59am Jan 10, 2010 4:59am
Also, this is a related indicator, however, EA works independant of it.
Attached File(s)
File Type: mq4 MA_Bounce_Candle_Indicator.mq4   2 KB | 1,320 downloads
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  • #18
  • Jan 11, 2010 7:21am Jan 11, 2010 7:21am
Thanks for that. I'll test it this week. Was busy moving house.

tdeu
Quoting unaizams
Try this version.
  • #19
  • Jan 12, 2010 1:53pm Jan 12, 2010 1:53pm
Hi Unaizams. I tried version2 of the EA but it doesn't seem to work. It only works if I remove these two conditions (if placing a buy):

if(Low_1>EMA_1+Envelope_Range*Point)// closed bar did not touch MA envelope
if(Low_2>EMA_2+Envelope_Range*Point)// 2nd previous closed bar did not touch MA envelope

and also if I remove these two conditions (if placing a sell):

if(High_1<EMA_1-Envelope_Range*Point)// closed bar did not touch MA envelope
if(High_2<EMA_2-Envelope_Range*Point)// 2nd previous closed bar did not touch MA envelope


Even then it takes way too many inaccurate trades. I've tried tweaking different parameters like envelope range, stop loss, trailing_distance etc, to no avail.

Any help will be greatly appreciated.

Thanks.
  • #20
  • Jan 15, 2010 7:52am Jan 15, 2010 7:52am
Quoting andyjones321
Hi Unaizams. I tried version2 of the EA but it doesn't seem to work.
It is working as desiged at four and five digit price brokers and in micro and mini accounts.

It is either you do not know how to use EA's or you did not give it a chance to work as signals are not plenty.

Quoting andyjones321
It only works if I remove these two conditions (if placing a buy):

if(Low_1>EMA_1+Envelope_Range*Point)// closed bar did not touch MA envelope
if(Low_2>EMA_2+Envelope_Range*Point)// 2nd previous closed bar did not touch MA envelope

and also if I remove these two conditions (if placing a sell):

if(High_1<EMA_1-Envelope_Range*Point)// closed bar did not touch MA envelope
if(High_2<EMA_2-Envelope_Range*Point)// 2nd previous closed bar did not touch MA envelope
If you change conditions then you have a different strategy.

Quoting andyjones321
Even then it takes way too many inaccurate trades.
Of course, you are using a different strategy.

Quoting andyjones321
I've tried tweaking different parameters like envelope range, stop loss, trailing_distance etc, to no avail.

Any help will be greatly appreciated.

Thanks.
First, use the strategy creator's settings to make sure it works as designed then, play arround with the settings.
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